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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Schedules of Concentration of Risk, by Risk Factor
For each significant customer, revenue as a percentage of revenue and accounts receivable as a percentage of accounts receivable are as follows:
 
 
Revenue
 
Accounts Receivable
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
June 30, 2019
 
December 31, 2018
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(unaudited)
 
(unaudited)
 
 
Customer A
 
*

 
11
%
 
*

 
11
%
 
*

 
*

Customer B
 
36
%
 
16
%
 
31
%
 
12
%
 
48
%
 
65
%
Customer C
 
12
%
 
*

 
12
%
 
*

 
*

 
*

Customer D
 
*

 
11
%
 
*

 
*

 
*

 
*

*
less than 10%
Schedule of the Cumulative Effect on Financial Information Related to the Adoption of ACS 606
The cumulative effect of changes made to the condensed consolidated balance sheet as of January 1, 2019 related to the adoption of ASC 606 were as follows:
 
Balance as of December 31, 2018
 
Adjustments Due to ASC 606
 
Balance as of January 1, 2019
 
(in thousands)
Assets:
 
 
 
 
 
Accounts receivable
$
35,690

 
$
4,907

 
$
40,597

Equity:
 
 
 
 
 
Accumulated deficit
$
(280,799
)
 
$
4,907

 
$
(275,892
)
In accordance with ASC 606 requirements under the modified retrospective method of adoption, the disclosure of the impact of adoption on the Company's condensed consolidated statement of operations and condensed consolidated balance sheet was as follows:
 
Three Months Ended June 30, 2019
 
Six Months Ended June 30, 2019
 
As Reported Under ASC 606
 
Effect of Change
 
Balances Without Adoption of ASC606
 
As Reported Under ASC 606
 
Effect of Change
 
Balances Without Adoption of ASC606
 
(in thousands)
Revenue:
 
 
 
 
 
 
 
 
 
 
 
Precision oncology testing
$
42,064

 
$
1,023

 
$
43,087

 
$
70,901

 
$
2,017

 
$
72,918

Development services
11,911

 
(1,362
)
 
10,549

 
19,729

 
(1,362
)
 
18,367

Total revenue
53,975

 
(339
)
 
53,636

 
90,630

 
655

 
91,285

 
June 30, 2019
 
As Reported Under ASC 606
 
Effect of Change
 
Balances Without Adoption of ASC606
 
(in thousands)
Assets:
 
 
 
 
 
Accounts receivable
$
40,363

 
$
655

 
$
41,018

Equity:
 
 
 
 
 
Accumulated deficit
$
(314,809
)
 
$
655

 
$
(314,154
)